"Good management to see they (Aussie Farmers Direct) were in financial trouble...."
My thoughts are that "blind freddy" could / would have seen that, would have been obvious to anyone intimately involved in the industry.
On that basis, to say that exposure of $90k is "minimal" is not that inspirining to me.
How much of the $90k will be recovered --- probably not much.
To AHF which does not appear (at this stage) to be making much from its processing ops, $90k is significant.
I am sure (good) management could have put some better financial arrangements in place that might have reduced the exposure to losses even more.
So good management --- twaddle ---- My expectactions are higher.
As a farmer, at times I dont like the risk of handing over produce for sale to be paid later ....
Some years ago quite a few farmers in our area lost large amounts of $'s (some hundreds of $k) when they shipped off their faba bean crops, the buyer/trader went 'belly up' and the administrators/liquidators claimed 'the beans are ours' --- you're just an unsecured creditor! Fortunately, dodged that one, but the scenario was 'a learning'.
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $12.63M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.7¢ | $68.26K | 2.312M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 431731 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 3723050 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 740876 | 0.125 |
10 | 545141 | 0.120 |
4 | 362511 | 0.115 |
7 | 208000 | 0.110 |
1 | 25000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 88114 | 3 |
0.135 | 253636 | 8 |
0.140 | 460127 | 9 |
0.145 | 165385 | 2 |
0.150 | 157451 | 5 |
Last trade - 15.58pm 27/11/2024 (20 minute delay) ? |
AHF (ASX) Chart |